Take a holistic approach to risk management with our operational risk taxonomy.
Managing risk across an entire enterprise can feel like putting out an endless string of fires. Many software solutions complicate matters by managing risk within silos. We built our software from the ground up based on our risk taxonomy, recognizing that businesses need to break down silos to be successful. LogicManager’s taxonomy technology gives you a fully connected picture of your risk. Create relationships between risks, business units, mitigation activities, and more. When you say goodbye to silos, you take your program to the next level. LogicManager helps you improve business performance, uphold your reputation, and reach your goals.
Bridge the gaps in your risk program.
It’s easy to overlook critical pieces of information when operating in isolation, like which departments face the same risks, or where you’re duplicating effort.
LogicManager’s taxonomy enables our customers to create links across their organizations by connecting incidents to policies, vendors to business processes, physical assets to their associated contracts, and more.
When you pull this information into one cohesive picture, you’re able to recognize upstream and downstream dependencies, identify systemic risks, and design centralized controls.
Allocate resources effectively.
Our operational risk taxonomy enables you to uncover overlap in your company’s risks and mitigation activities. Learn more about risk management here.
Too often, companies design duplicate controls for risks that affect multiple departments, therefore misallocating their resources.
With LogicManager, you can prioritize risks and controls, and allocate resources to the most critical areas of the business to get the best ROI you can.
Keep all your risk information in one place.
LogicManager is a centralized repository for all of your risk information. Keep track of risks, assets, vendors, policies, controls, tasks, and more in one online platform.
If you’re using spreadsheets, emails, and Word documents, you’re spending too much time and effort updating information in different places, and hunting down data among different systems.
Eliminate duplicate efforts and cut costs by centralizing your information.
Standardize your risk management process.
When each area of the business approaches risk differently, it’s impossible to aggregate objective and accurate information.
Ensure every business unit is communicating uniformly about risk with LogicManager’s pre-built risk library and centralized risk taxonomy.
Collect comparable data across departments with risk assessments based on numeric scales and standardized evaluation criteria. Visit Identify & Assess to learn more.
Succeed with connected solutions and expert support!
LogicManager’s risk tracking solutions help you understand key dependencies and control effectiveness, so you can better allocate time and resources towards what matters most. Request a free demonstration of our solutions to see how LogicManager’s connected solutions and expert support can enable your success.
Explore our other features.
The first step to developing and advancing your ERM program is identifying risk across your organization. LogicManager’s ERM solutions include centralized libraries of industry-specific risks so you can collect and organize the information you’re after.
The hallmark of a healthy enterprise risk management system is the ability to assess risk in a uniform fashion. Our pre-built, configurable risk assessments criteria standardizes data so what you’re collecting is always comparable.
Create repositories of mitigation activities, controls, and procedures to cover the areas that need it most. With our enterprise risk management tools, you can connect these activities to the resources and requirements they impact so you can easily spot gaps and achievements.
Take your program to the next level with our risk monitoring capabilities. LogicManager streamlines testing, metric collection, and incidents remediation to ensure your controls are effective and you’re making progress.
LogicManager’s ERM system is built on robust taxonomy technology. Connect your organization’s risks to the controls, resources, processes, and people they impact to identify dependencies and ensure you’re ahead of the curve.
Provide your stakeholders with the findings that matter most with top-rated data visualizations. Our enterprise risk management system has interactive dashboards, heatmaps, and risk-matrices built in, so you can craft rich analyses and drive business decisions.